Thriving Kumon Center in Pickington, OH

Fairfield County, OH

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Asking Price: Get Financing: $65,000

Cash Flow: $56,311

Gross Revenue: $216,835

EBITDA: $56,311

FF&E: $6,533

Inventory: N/A

Lease Rate: $2,285 /Month

Established: 2011

Thriving Kumon Center in Pickington, OH

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Business Description

Perfect business for a mom with kids. Center open only 2 days/week

This is a very stable and no-risk Kumon franchise business which has grown steadily during the last seven years. The cash flow has consistently been positive soon after the business was established in 2011. The business has stable multi-year clients with little turnover and the client base & revenue has shown steady growth.

The center is open to students from 3:30 PM - 7:30 PM on Mondays and Thursdays, and optionally on Saturday mornings for new admissions. The business allows for flexibility in working hours and is ideally suited for a parent with other responsibilities.

Kumon is the world’s largest after-school enrichment program. It is also one of the oldest, most recognized and trusted brand created in 1954. Kumon has earned several major awards in the franchise sector, the most significant of which is being named #1 tutoring services franchise by Entrepreneur magazine twelve years in a row. It currently ranks #18 in the Franchise 500, #4 among the Top Global Franchises, and #22 among the Fastest-Growing Franchises (all as determined by Entrepreneur). It is #3 on the Forbes list of Top Franchises for the Money and #27 on the Franchise Direct list of Top 100 Global Franchises.

The Kumon Method has consistently demonstrated significant success and has been fine-tuned over the years. The Kumon system is intended for children ranging in age from preschool to high school, so the client base is maximized. The Kumon method is based on timed assignments, so it helps students develop time management and test-taking skills. Kumon’s rationale is that students learn best through self-learning because it enables them to learn at their own pace and in their own style. It also reinforces study skills and habits, self-reliance, and work ethic. This also means that a Kumon Center does not require a large staff of tutors like competing systems.

Detailed Information

Real Estate:
Leased
Building SF:
1,600
Lease Expiration:
12/31/2019
Employees:
11
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
The business is 'turnkey' and fully furnished with desks, tables, chairs, computers, library and study materials. The business is in the Hunter's Run shopping mall in Pickerington, Ohio, and the present lease ends in December 2019. The new owner has the option of either extending the lease at Hunter's Run or moving the business to another nearby location.
Competition:
The business does not have any real competition in the city. Most of the client base growth is through word-of-mouth and therefore is very stable and loyal. The center has good access to the interstate (I-70) and draws clients from a 30 mile radius.
Growth & Expansion:
The center has great growth potential because it is presently open only two days a week, and the facility operates at 100% capacity on those days. The facility can be operated 5 days per week and the business volume can easily be doubled if the new owner is willing to spend the time.
Support & Training:
The present owner is willing to provide on the job training. The new owner will have to get certified from the franchiser (Kumon of North America). A basic 4 year college degree is required.
Reason for Selling:
The present owner's spouse has moved from the Columbus, Ohio area.
Business Website:
http://www.kumon.com/pickerington
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Business Listed By:
Ayesha Abdullah

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